Multi Packaging Solutions Announces Acquisition of Innovative Creative Packaging Solutions
Tuesday March 25, 10:12 am ET
NEW YORK--(BUSINESS WIRE)--Multi Packaging Solutions, Inc. (“MPS”), a specialty print and packaging company, and a portfolio company of BSMB, today announced that it has completed the acquisition of Innovative Creative Packaging Solutions.
Innovative Creative Packaging Solutions (“Innovative”), headquartered in South Plainfield, NJ, is a high-quality supplier of custom folding cartons, promotional packaging and digital labels for the Pharmaceutical, Nutraceutical, Medical Devices, and Cosmetic markets. The acquisition provides Innovative Creative Packaging Solutions with product and technology synergies and offers MPS complementary capacity to support its growing customer base. MPS simultaneously signed the acquisition agreement and closed the transaction on March 20th. Terms of the transaction were not disclosed.
Marc Shore, Chief Executive Officer of MPS commented, “Innovative Creative Packaging Solutions strongly complements our existing offering by expanding our manufacturing footprint to include a strategic presence in the Northeast for our healthcare and cosmetics clients. They have an experienced and entrepreneurial management team with a proven track record of customer focus and innovation. We look forward to working with them for continued growth in our target markets.”
Shawn F. Smith, President and CEO of Innovative Creative Packaging Solutions, stated, “We are excited about joining Multi Packaging Solutions, which allows us to offer a comprehensive product line with multiple plant locations, leading ink and coating technologies along with extensive creative and technical resources to new and existing customers.”
“Innovative is a great fit with Multi Packaging Solutions" said Phil Carpenter, Senior Managing Director of BSMB. "We are pleased to continue to support MPS and our management team in executing their organic and acquisition growth strategies.”
About Multi Packaging Solutions:
Multi Packaging Solutions is a leading print and packaging company with sales in excess of $375 million. MPS offers an array of print and packaging for the cosmetic, healthcare, horticultural, media, and value added consumer markets. MPS has 11 production facilities throughout the United States. Founded by Marc Shore with the financial backing of BSMB, MPS has a seasoned management, sales, and design team with vast experience in print and packaging. Unlike traditional packaging companies, MPS is unique in its depth of industry experience, breadth of technologies and range of resources. More information is available at www.multipkg.com.
About Innovative Creative Packaging Solutions:
Innovative Creative Packaging Solutions is a specialty print and packaging company that serves the healthcare and cosmetic markets. Innovative’s cGMP certified facility in South Plainfield, NJ, features offset, flexographic, and digital printing technologies and a full range of finishing equipment. More information on Innovative Creative Packaging Solutions can be found at www.innovativecps.com.
About BSMB:
BSMB invests private equity capital in compelling buyouts, recapitalizations and growth capital opportunities alongside superior management teams. Since its formation in 1997, BSMB has been an investor in 67 portfolio companies. BSMB manages over $5 billion of private equity capital. More information about BSMB is available at bsmb.com.
Contact:
Multi Packaging Solutions
Erin Willigan, 646-885-0157
erin.willigan@multipkg.com
or
Brunswick Group
Melissa Daly, 212-333-3810
mdaly@brunswickgroup.com
Source: Multi Packaging Solutions, Inc.
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